1511 Bath St

    Santa Barbara, CA 93101
    • $2,599,000
    • STATUS: Active
    • ON SITE: 271 days
    • MLS #: 17-3832
    UPDATED: 34 min ago
    $2,599,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1986
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    Listing provided courtesy of Village Properties - 1.

    Description

    Attractive,unique downtown Santa Barbara complex consisting of 10 good sized one bdrm units, laundry rm, covered storage space,& 4 offstreet garages in 2 buildings. Some units have small yards, some have balconies, some have high ceilings. Front building is a 2 story Victorian well maintained & extensively remodeled. Back building was built in 1986. In exchange for designating the property as Sr Housing for those 55 & older the owners received a bonus density allowance to increase the number of units on the property. Easily rented, either through City or County Housing programs or on open market, 9 units are rented month to month, with a very stable tenant population. Many rents being adjusted as of Sept. The total income will be$16,637/mo.Property has been carefully managed over the yrs.Check out this unique Santa Barbara complex, just above Micheltorena. People shown the property have said they would be happy living here because of the privacy of each unit, the appealing design, & outdoor spaces. 11 gas meters, 11 electric meters & one large +-75 gallon central water heater in each building.

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    The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by brokerage firms other than The Zia Group are marked with the "MLS" logo and detailed information about them includes the name of the listing brokers. All information is deemed reliable, but is not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor The Zia Group shall be responsible for any typographical errors, misinformation, or misprints. © 2018 Santa Barbara Multiple Listing Service. All rights reserved. Data last updated 2018-08-21T16:47:34.49.
    www.theziagroup.com/homes/78947392

    1511 Bath St Santa Barbara, CA 93101

    • Price: $2,599,000
    • Status: Active
    • Updated: 34 min ago
    • MLS #: 17-3832
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1986
    Built
    Neighborhood:
    15 Or 20 - Downtown
    County:
    Santa Barbara
    Area:
    SB/West of State
    Elementary School:
    Peabody
    Middle School:
    S.B. Jr.
    High School:
    S.B. Sr.
    Property Description
    Attractive,unique downtown Santa Barbara complex consisting of 10 good sized one bdrm units, laundry rm, covered storage space,& 4 offstreet garages in 2 buildings. Some units have small yards, some have balconies, some have high ceilings. Front building is a 2 story Victorian well maintained & extensively remodeled. Back building was built in 1986. In exchange for designating the property as Sr Housing for those 55 & older the owners received a bonus density allowance to increase the number of units on the property. Easily rented, either through City or County Housing programs or on open market, 9 units are rented month to month, with a very stable tenant population. Many rents being adjusted as of Sept. The total income will be$16,637/mo.Property has been carefully managed over the yrs.Check out this unique Santa Barbara complex, just above Micheltorena. People shown the property have said they would be happy living here because of the privacy of each unit, the appealing design, & outdoor spaces. 11 gas meters, 11 electric meters & one large +-75 gallon central water heater in each building.
    Exterior Features

    Parking Information Garages Parking Spaces 8.00

    Interior Features

    Amenities Gas StoveRefrigerator Floor Window Coverings CarpetVinyl Heating Cooling Wall Laundry Room Refrigerators 10.00 Unit1 Baths 10.00 Unit1 Bedrooms 10.00 Unit1 Half Baths 0.00

    Property Features

    Condition Good Contingent Remarks Subj 2 Inspect Cross Street Micheltorena Deposit 3.00 Foundation Mixed Income Expenses Actual Income Expenses Annual Income 181068.00 Income Expenses Capitalization Rate 5.7 Income Expenses Electric Expense 65.00 Income Expenses Gas Expense 116.00 Income Expenses Gross Rent Multiplier 14.9 Income Expenses Insurance 409.00 Income Expenses Maintenance Expense 307.00 Income Expenses NOI 153996 Income Expenses Other Income 489.00 Income Expenses Taxes 814.00 Income Expenses Total Annual Exp 27072.00 Income Expenses Total Monthly Expenses 2256.00 Income Expenses Total Monthly Income 14600.00 Income Expenses Water Expense 545.00 Meters Separate Meter Electric Yes Meters Separate Meter Gas Yes Owner Provides TrashWater Proximity Near BusNear HospitalNear Shopping Public Listing Details Other Reports Available Ccr's Inc Stoves 10.00 Terms CashCtnl Unit1 M/M Unit1 Furnished No Unit1 Monthly Total 10150.00 Unit1 Rent 1450.00 Unit1 Units 10.00 Unit2 M/M Unit2 Monthly Total 1500.00 Unit2 Rent 1500.00 Unit3 M/M Unit3 Monthly Total 1650.00 Unit3 Rent 1650.00 Unit4 M/M Unit4 Monthly Total 1300.00 Unit4 Rent 1300.00 Zoning R-4



    The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by brokerage firms other than The Zia Group are marked with the "MLS" logo and detailed information about them includes the name of the listing brokers. All information is deemed reliable, but is not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor The Zia Group shall be responsible for any typographical errors, misinformation, or misprints. © 2018 Santa Barbara Multiple Listing Service. All rights reserved. Data last updated 2018-08-21T16:47:34.49.
     
    The Zia Group
    1435 Anacapa Street
    Santa Barbara CA, 93101
    Listing provided courtesy of Village Properties - 1.